Metro Cash & Carry To Triple Logistics Space

02.15.2019

Metro Cash & Carry store chain plans to almost triple logistics area once the new platform now under construction in Stefanestii de Jos near Bucharest has been completed.

Finland's Peikko Acquires Factory Premises Near Bucharest, Starts Production in 2019
11.14.2018

Finnish company Peikko Group Corporation, a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ... more
Developers To Deliver 700,000 Square Meters Of Office Space In Bucharest In The Next Two Years
11.14.2018

Almost 10% of the employees in Bucharest work in the IT or related sectors such as telecom and the expansion of their employers will occupy a... more
Veranda Mall Owner Expects EUR10M Sales Until 2020, Higher By EUR2M Vs 2018
11.13.2018

Andrei Pogonaru, the owner of the Veranda shopping center in Bucharest’s Obor area, said he expects the shopping mall to generate sales of EUR10... more
Real Estate Market Picks Up The Pace In Q4
11.13.2018

Deals involving office space projects and plots of land for development picked up the pace in the fourth quarter, and the top three such deals... more
Garanti Bank Romania Extends Lease Contract At Bucharest’s Novo Park By Five Years
11.12.2018

Garanti Bank Romania has extended by five years its lease contract in business park Novo Park located in Bucharest’s northern area of Pipera. more
Revetas Buys Landmark Office Space Project From Piraeus Bank
11.12.2018

Piraeus Bank sold the Landmark office space project in Bucharest’s Romana Square to investment fund Revetas Capital. According to ZF’s... more
CBRE: 15 Office Space Projects To Be Completed, Over 340,000 Sqm To Be Delivered In 2019
11.12.2018

The office space market kept developing at a fast pace in 2018, being boosted both by an increase in consumption, which triggered the expansion of... more
Skanska And Prime Kapital Discuss Splitting GRIRO Site
11.12.2018

One of the largest deals on the Bucharest real estate market, which involves the site of a former communist plant, is taking shape, as GRIRO, held... more

Romania’s Banking System Profit Hits Record High of Over RON7B in 2018

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an

Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have

Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air $Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air$

German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share

C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018

Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the

Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub

Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the

World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020

The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June

Nestle To Shut Down Its Romanian Factory

Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the

Romania's Fiscal Instability, Main Challenge for Businesses in 2019

Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,

Analysis

Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term

The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.